Latest Cryptocurrency News & Press Releases






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Bitvo.com

Bitcoin (BTC)

C$13,507 (US$10,202) 

September 16, 2019 1:00 pm

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

Technical Trading Score*:
Date Of Inception:

2009

Primary Use:

CURRENCY

18mm

Coin Profile

Bitcoin 

is 

decentralized 

coin 

enabling 

revolutionary  means  to  exchange  value  across  the 

globe.  It  continues  to  be  the  biggest  and  most 

influential  coin,  encouraging  peer-to-peer  payment 

networks  powered  by  its  users  with  no  central  or 

middle authority.

Page 1 of 8

Coins Outstanding:

Maximum Coins:

21mm

POW or POS:

WORK

Current Mining Fee (USD):

~$0.688

Website:

https://bitcoin.org

September 16, 2019

All figures in USD$, unless otherwise specified 

LOG IN TO VIEW

■ General Cryptocurrency News:

Facebook’s David Marcus tried to dispel government concerns surrounding

Libra by stating that Libra would be fully backed by fiat currency and

therefore it would not be creating new money as every Libra would have a

reserve of fiat behind it.

Facebook’s comment came after French Finance Minister, Le Maire, stated

that France would look to block the deployment of Libra in the EU. Le Maire

added that the Union needs to consider creating its own digital currency.

Russian bank Sberbank bought US$15 million of debt from Trafigura using

the Hyperledger Blockchain. Sberbank said it took one second to settle the

transaction on the blockchain.

Cryptocurrency and blockchain monitoring start up Elliptic announced the

successful raise of US$23 million last week.

According to data from Bitfury’s blockchain analytics platform Crystal, the

United Kingdom, the United States, Hong Kong and Singapore have the

largest number of registered digital currency exchanges.

■ BTC News:

In an interview with crypto news network Blocktv on September 13, the 

famous American venture capital investor Tim Draper reiterated his bullish 

view on Bitcoin, forecasting the soon-to-come mass global adoption will 

push the price of Bitcoin higher. Draper stated in the interview that a price of 

"US$250,000 [per coin] means that Bitcoin would then have about a 5%

market share of the currency world and I think that maybe understating the 

power of Bitcoin."

The computing power dedicated to mining Bitcoin has hit yet another new 

high, suggesting that more than 600,000 powerful new machines may have 

come online in the last three months. According to data from crypto mining 

pool BTC.com, Bitcoin’s two-week average hash rate hit 85 exahashes per 

second (EH/s) last Friday. Meanwhile, mining difficulty also adjusted to a 

new record of nearly 12 trillion. Both figures have jumped approximately 

60% over the past three months.

■ Trading History YTD:

Since the end of June, the price of BTC has traded sideways to slightly 

negative with successive peaks achieving lower highs but finding support in 

troughs around US$10,000.

■ Current Environment:

The price of BTC continued to trade sideways last week, ending the week 

slightly below where it began after movements both up and down.

Volumes for the week were similar, averaging 1.4 million coins per day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.








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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2014

Primary Use:

SMART CONTRACTS

Coins Outstanding:

107mm

Coin Profile

Ethereum  is  a  decentralized  platform  that  runs 

smart  contracts:  applications  that  run  exactly  as 

programmed  without  any  possibility  of  downtime, 

censorship,  fraud  or  third-party  interference.  These 

apps  run  on  a  custom built  blockchain.  Ether  is  the 

cryptocurrency  generated  by  and  used  on  the 

Ethereum platform. 

Maximum Coins:

NO MAX

POW or POS:

WORK

Website:

https://www.ethereum.org/

Ether (ETH)

C$255 (US$193) 

September 16, 2019 1:00 pm

All figures in USD$, unless otherwise specified 

Page 2 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.129

Current Mining Fee (USD):

LOG IN TO VIEW

■ ETH News:

Harbor has now tokenized real estate funds worth US$100 million

on the Ethereum blockchain.

With this move, Harbor has pivoted from helping companies issue

security tokens to helping them tokenize existing securities.

Announced today, the start up has created tokens on the

Ethereum blockchain representing the shares of four real estate

funds worth US$100 million.

The move is intended to make these private securities easier to

trade for the 1,100 investors that hold them, along with 17 broker-

dealers and 17 placement agents that work with the funds’

manager, iCap Equity.

■ Trading History YTD:

The price of ETH commenced the year relatively stable before 

accelerating in May and then falling throughout the summer 

months.

While the price of ETH has given up most of its year to date gains, 

it remains in positive territory on the year in USD terms.

However, with the positive performance of BTC in 2019, ETH has 

underperformed BTC, with the price of ETH in BTC terms generally 

trending down since the end of February.

■ Current Environment:

The price of ETH traded sideways for the first half of the week 

before jumping up in the second half of the week, both in USD and 

BTC terms.

Volumes for the week averaged 35.3 million coins per day, which is 

lower than the previous week’s volumes of 36.4 million coins per 

day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

September 16, 2019








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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2012

Primary Use:

CURRENCY

99.99 Billion

Coin Profile

XRP is the decentralized native currency employed by 

Ripple.  Ripple  is  a  settlement  system,  currency 

exchange  and  remittance  network  created  by  Ripple 

Labs  Inc.  It  is  built  upon  a  distributed  open  source 

internet 

protocol, 

and 

supports 

tokens 

representing 

fiat 

currency 

or    cryptocurrency. 

The 

company 

purports 

to 

enable  "secure, 

instantly 

and 

nearly 

free 

global 

financial 

transactions of any size with no chargebacks."

Coins Outstanding:

Maximum Coins:
POW or POS:

CORRECTNESS

Website:

https://ripple.com/

XRP

C$0.34 (US$0.26) 

September 16, 2019 1:00 pm

All figures in USD$, unless otherwise specified 

Page 3 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0003

Current Mining Fee (USD):

LOG IN TO VIEW

100 Billion

■ XRP News:

Following continued releases of XRP tokens from Ripple’s escrow 

wallet combined with poor XRP price performance year to date in 

2019, there is now talk of an XRP fork led by @Crypto_Bitlord, a 

Twitter account with over 100,000 followers.

Last week, Coinme, a global leader in cryptocurrency ATMs, 

announced that it had secured US$1.5 million in funding from Ripple’s 

Xpring and the Blockchain Finance Fund to further develop its 

cryptocurrency ATM network in the United States and international 

markets. The investment suggests that XRP may soon be available 

across Coinme’s network of over 2,600 kiosks.

■ Trading History YTD:

XRP has underperformed other major cryptocurrencies so far in 2019, 

with its price trending down or flat from January through May.

While XRP participated in May and June’s almost universal 

cryptocurrency price rally, it did not benefit to the same extent as other 

major cryptocurrencies.

Overall, the price of XRP is down on the year in USD terms and, as a 

result of the above noted underperformance versus other 

cryptocurrencies, the price of XRP has declined steadily in terms of 

BTC since the beginning of 2019.

■ Current Environment:

The price of XRP trended down for the first half of last week before 

recovering in the second half.

Overall, the price of XRP ended the week approximately where it 

started both in USD and BTC terms.

Volumes for the week averaged 3.78 billion coins per day, which is 

lower than the previous week’s volumes of 4.07 billion coins per day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

September 16, 2019








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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2017

Primary Use:

CURRENCY

18mm

Coin Profile

Bitcoin  Cash  is  peer-to-peer  electronic  cash  for 

the Internet.  It  is  fully  decentralized,  with  no  central 

bank and  requires  no  trusted  third  parties  to  operate. 

Bitcoin Cash  is  the  continuation  of  the  Bitcoin  project 

as  peer-to-peer  digital  cash.  It  is  a  fork  of  the  Bitcoin 

blockchain  ledger,  with  upgraded  consensus  rules 

that  allow  it  to grow and scale.

Coins Outstanding:

Maximum Coins:

21 mm

POW or POS:

WORK

Website:

https://www.bitcoincash.org/

Bitcoin Cash (BCH)

C$402 (US$304) 

September 16, 2019 1:00 pm

All figures in USD$, unless otherwise specified 

Page 4 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.0011

Current Mining Fee (USD):

 

LOG IN TO VIEW

■ BCH News:

HTC announced that its new phone, the Exodus 1, will support Bitcoin

Cash.

■ Trading History YTD:

Somewhat similar to the trend in the price of BTC, the price of BCH

ground sideways for the first quarter of 2019 before experiencing a

price spike in early April.

The price of BCH has trended sideways since the beginning of April in

USD terms and negative in BTC terms over the same period. 

■ Current Environment:

Similar to other major cryptocurrencies, the price of BCH looked for 

direction last week, ending the week approximately where it began 

both in USD and BTC terms.

Volumes were similar week-over-week, averaging 4.2 million coins per 

day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

September 16, 2019








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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2011

Primary Use:

CURRENCY

62mm

Coin Profile

Litecoin 

is 

peer-to-peer 

cryptocurrency 

and open  source  software  project  released  under 

the  MIT/X11  license.  Creation  and  transfer  of 

coins  is  based  on  an  open  source  cryptographic 

protocol and is not  managed  by  any  central  authority. 

The  coin  was inspired  by,  and  in  technical  details  is 

nearly  identical to, Bitcoin.

Coins Outstanding:

Maximum Coins:

84 mm

POW or POS:

WORK

Website:

https://litecoin.com/

Litecoin (LTC)

C$94 (US$71) 

September 16, 2019 1:00 pm

All figures in USD$, unless otherwise specified 

Page 5 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.035

Current Mining Fee (USD):

LOG IN TO VIEW

■ LTC News:

No significant Litecoin related news last week.

■ Trading History YTD:

Having started 2019 as a relative outperformer in comparison to other

major cryptocurrencies, the price of LTC lost momentum in April onwards,

but for a brief recovery in June.

Until the end of June, the price of LTC in USD terms has traded positively

for most of the year in 2019.

However, as a result of the above noted recent underperformance, the

price of LTC is now down on the year both in USD and BTC terms.

■ Current Environment:

The price of Litecoin traded sideways last week, ending the week slightly 

up both in USD and BTC terms.

Volumes last week averaged 35.8 million coins per day which was lower 

than the previous week’s volume of 38.9 million coins per day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

September 16, 2019








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■ DASH News:

Cryptocurrency hardware wallet Safepal integrated Dash support. SafePal

provides a discounted storage option for cryptocurrency users with a

regular price of US$59.99 and a current sale price of US$39.99, a lower

entry point than typical costs by competing hardware wallets such as

Ledger and Trezor. The hardware wallet announced last week the addition

of Dash, joining the current lineup of BTC, ETH, BNB, LTC, BCH, and

1,000+ ERC20 tokens.

NOWPayments, a cryptocurrency point-of-sale device, integrated Dash

payment support last week. NOWPayments provides a zero-fee merchant

solution that offers features such as auto coin conversion, instant

withdrawals, 24/7 support, stable coins, security, simple API, regulation

compliance, and smooth integration.

■ Trading History YTD:

After a generally stable start to the year, the price of Dash increased in 

USD terms from April through June before declining throughout the 

summer months.

Accounting for movements both up and down, the price of Dash in USD 

terms remains in positive territory for the year.

However, given Dash’s underperformance versus BTC, the price of Dash 

has trended negatively since the end of March in BTC terms.

■ Current Environment:

The price of Dash declined to start the week last week before spiking 

mid-week and then declining again later in the week. Overall the price of 

Dash ended up on the week both in USD and BTC terms.

Volumes were similar week-over-week, averaging 1.4 million coins per 

day.

Bitvo.com

Technical Trading Score*:
Date Of Inception:

2014

Primary Use:

CURRENCY

9 mm

Coin Profile

Dash  is  an  open  source  peer  to  peer  cryptocurrency. 

On top of Bitcoin’s feature set, it currently offers instant 

transactions,  private  transactions  and  operates  a  self-

governing  and  self-funding  model  that  enables  the 

Dash  network  to  pay  individuals  and  businesses  to 

perform  work  that  adds  value  to  the  network.  Dash’s 

decentralized  governance  and  budgeting  system 

makes it a decentralized autonomous organization.

Coins Outstanding:

Maximum Coins:

22 mm

POW or POS:

STAKE

Website:

https://www.dash.org/

DASH (DASH)

C$119 (US$90) 

September 16, 2019 1:00 pm

All figures in USD$, unless otherwise specified 

Page 6 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.006

Current Mining Fee (USD):

 

 

LOG IN TO VIEW

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

September 16, 2019








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Bitvo.com

Technical Trading Score*:
Date Of Inception:

2016

Primary Use:

112 mm

Coins Outstanding:

Maximum Coins:
POW or POS:

WORK

Website:

https://ethereumclassic.org/

Ethereum Classic (ETC)

C$8.22  (US$6.21) 

September 16, 2019 1:00 pm

All figures in USD$, unless otherwise specified 

Page 7 of 8

Shane Thomson, CFA  

shane@bitvo.com 

403.407.0046

~$0.002

Current Mining Fee (USD):

Coin Profile

Ethereum  Classic  is  an  open-source,  public, 

blockchain-based  distributed  computing  platform 

featuring  smart  contract  (scripting)  functionality.  It 

provides  a  decentralized  Turing-complete  virtual 

machine,  the  Ethereum  Virtual  Machine  (EVM),  which 

can  execute  scripts  using  an  international  network  of 

public  nodes.  ETC  has  a  value  token  called  "ether", 

which can be transferred between participants or stored 

in a cryptocurrency wallet.

LOG IN TO VIEW

NO MAX

SMART CONTRACTS

■ ETH Classic News:

The team behind Ethereum Classic has activated the Atlantis hard fork

aimed at the improvement of the altcoin’s functionality and compatibility

with Ethereum.

Ethereum Classic successfully performed the Atlantis hard fork in

accordance with previously estimated time of between September 12

and September 13, 2019 at block height 8,772,000.

The currency was up a modest 0.09% following its Atlantis hard fork

later the same day.

■ Trading History YTD:

After trading sideways for most of the first quarter of 2019, the price of 

ETC benefited from broader spring momentum in the cryptocurrency 

space, trading generally positively from April through the end of June, 

before correcting again over the summer months in terms of USD.

However, ETC has generally underperformed other major 

cryptocurrencies with its price trending negatively throughout most of 

the year to date in terms of BTC.

■ Current Environment:

The price of ETC generally trended down last week both in USD and 

BTC terms.

Volumes were lower week-over-week, averaging 77.0 million coins per 

day compared to the previous week’s volumes of 91.2 million coins per 

day.

In the image above, a Bull represents relatively favourable technical analysis indicators and a Bear represents relatively unfavourable technical analysis indicators.

September 16, 2019








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Bitvo.com

DISCLAIMER

The information contained in this report has been compiled by Bitvo Global Inc. (“Bitvo”) from sources believed to be reliable, but no 

representation or warranty, express or implied, is made by Bitvo, its affiliates or any other person as to its accuracy, completeness or 

correctness. All opinions and estimates contained in this report constitute Bitvo’s judgement as of the date of this report, are subject to 

change  without  notice  and  are  provided  in  good  faith  but  without  legal  responsibility.  Nothing  in  this  report  constitutes  legal, 

accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has 

been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The Bull and Bear 

symbols  represent  relatively  favourable  or  unfavourable  technical  indicators,  respectively,  and  the  presence  or  absence  of  these 

symbols and any language pertaining to these symbols does not represent any advice, representation or guidance from Bitvo as to 

whether you should buy, sell or hold any cryptocurrency. The cryptocurrencies or services contained in this report may not be suitable 

for  you  and  it  is  recommended  that  you  consult  an  independent  advisor  if  you  are  in  doubt  about  the  suitability  of  such 

cryptocurrencies or services. This report is not an offer to sell or a solicitation of an offer to buy any securities. Past performance is not 

a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. The cryptocurrency market 

is  volatile  and  rapidly  changing  and,  as  a  result,  the  latest  published  reports  available  to  clients  may  not  reflect  recent  material 

changes. Bitvo reports are current only as of the date set forth on the reports. This report is not, and under no circumstances should 

be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company that is not legally 

permitted to carry on the business of a securities broker or dealer in that jurisdiction. To the full extent permitted by law neither Bitvo 

nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use 

of this report or the information contained herein. No matter contained in this document may be reproduced or copied by any means 

without the prior consent of Bitvo.

Page 8 of 8

September 16, 2019


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